{"title":"Verification = Trust","authors":"","doi":"10.1002/9781119714415.ch4","DOIUrl":null,"url":null,"abstract":"6. The Trust has not been terminated or revoked. The Trustee has no actual knowledge of any facts indicating the Trust is invalid. 7. The Trustee is authorized by the Trust and applicable law to invest Trust assets in annuities and the Trustee deems purchase of the proposed annuity to be prudent. 8. The Trustee has determined as an exercise of fiduciary powers that the purchase of the annuity being applied for is suitable for the Trust and its beneficiaries given the terms, purposes, and all facts and circumstances of the Trust. The Trustee understands an annuity is a long term savings vehicle that provides limited access to principal during the annuity’s surrender period. 9. The annuity beneficiary is the Trust or the Trustee, or the annuity beneficiary/beneficiaries is the same as the Trust beneficiary/beneficiaries, or the Trustee has determined the annuity beneficiary/beneficiaries is otherwise consistent with the terms and purposes of the Trust and being completed in a manner consistent with the Trustee’s fiduciary duties. 10. Statements contained in this document are true and correct to the best of the Trustee’s knowledge. Trustee understands that the issuer of the annuity Fidelity & Guaranty Life Insurance Company is relying on statements and representations contained herein.","PeriodicalId":337152,"journal":{"name":"Trusting the News in a Digital Age","volume":"5 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Trusting the News in a Digital Age","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1002/9781119714415.ch4","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
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Abstract
6. The Trust has not been terminated or revoked. The Trustee has no actual knowledge of any facts indicating the Trust is invalid. 7. The Trustee is authorized by the Trust and applicable law to invest Trust assets in annuities and the Trustee deems purchase of the proposed annuity to be prudent. 8. The Trustee has determined as an exercise of fiduciary powers that the purchase of the annuity being applied for is suitable for the Trust and its beneficiaries given the terms, purposes, and all facts and circumstances of the Trust. The Trustee understands an annuity is a long term savings vehicle that provides limited access to principal during the annuity’s surrender period. 9. The annuity beneficiary is the Trust or the Trustee, or the annuity beneficiary/beneficiaries is the same as the Trust beneficiary/beneficiaries, or the Trustee has determined the annuity beneficiary/beneficiaries is otherwise consistent with the terms and purposes of the Trust and being completed in a manner consistent with the Trustee’s fiduciary duties. 10. Statements contained in this document are true and correct to the best of the Trustee’s knowledge. Trustee understands that the issuer of the annuity Fidelity & Guaranty Life Insurance Company is relying on statements and representations contained herein.